Answer the following statement(s) true (T) or false (F)
1. Theories and models make unrealistic assumptions.
2. An economic hypothesis makes a summary of behavior.
3. Empirical analysis is the use of data to test a hypothesis.
4. Looking at the behaviors of a large group allows economists to discern general patterns of actions.
1. True
2. False
3. True
4. True
Economics
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If net exports decrease by 250 and the mpc is 0.75, equilibrium aggregate output
A) increases by 1000. B) increases by 750. C) decreases by 750. D) decreases by 1000.
Economics
A Treasury bill with an original maturity of six months currently sells for $972.58. The bill was issued 30 days ago. An investor who purchases this bill today would have a yield on a discount basis of __________ percent
A) 6.58 B) 5.50 C) 5.42 D) 6.49
Economics